Ares Commercial Real Estate (NYSE:ACRE) Posts Earnings Results, Misses Expectations By $0.02 EPS

Ares Commercial Real Estate (NYSE:ACREGet Rating) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02), MarketWatch Earnings reports. Ares Commercial Real Estate had a return on equity of 9.83% and a net margin of 59.23%. During the same period last year, the company earned $0.38 EPS.

NYSE ACRE opened at $15.69 on Thursday. Ares Commercial Real Estate has a 12 month low of $13.48 and a 12 month high of $16.98. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $741.67 million, a PE ratio of 11.71 and a beta of 1.20. The company’s 50 day simple moving average is $15.33 and its 200 day simple moving average is $15.07.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date is Wednesday, June 29th. This is a positive change from Ares Commercial Real Estate’s previous quarterly dividend of $0.33. Ares Commercial Real Estate’s dividend payout ratio (DPR) is currently 98.51%.

A number of analysts have recently commented on ACRE shares. StockNews.com started coverage on Ares Commercial Real Estate in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded Ares Commercial Real Estate from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. JPMorgan Chase & Co. upped their price objective on Ares Commercial Real Estate from $14.50 to $16.00 and gave the stock a “neutral” rating in a report on Monday, April 25th. Finally, JMP Securities increased their price target on Ares Commercial Real Estate from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Thursday, March 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.70.

In other Ares Commercial Real Estate news, Director William Stephen Benjamin purchased 18,000 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were purchased at an average price of $14.05 per share, for a total transaction of $252,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.95% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in shares of Ares Commercial Real Estate during the 4th quarter valued at $154,000. Stifel Financial Corp boosted its stake in shares of Ares Commercial Real Estate by 14.8% during the 4th quarter. Stifel Financial Corp now owns 12,523 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 1,610 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Ares Commercial Real Estate by 107.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,816 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 6,628 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Ares Commercial Real Estate by 170.5% during the 4th quarter. Penserra Capital Management LLC now owns 14,618 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 9,213 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Ares Commercial Real Estate during the 4th quarter valued at $312,000. 46.66% of the stock is owned by hedge funds and other institutional investors.

Ares Commercial Real Estate Company Profile (Get Rating)

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities.

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Earnings History for Ares Commercial Real Estate (NYSE:ACRE)

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